Deal round-up 08/05

Bumper deals from Accenture, Evergreen, Nexus, GE Equity and Siemens.

Accenture buys into Buytel

Accenture has led an $13.4m second round of funding for Buytel, a voice recognition company.

Digital Capital, the technology fund of WestLB Group, also contributed.

The company will spend the money on sales and marketing.

In February last year Buytel raised $2.3m from Trinity Venture Capital (part of the Reihill Venture Capital Group) and Flanders Language Valley Fund.

Evergreen invests in GalayOr

Evergreen Venture has led a seed round of $8m in GalayOr Networks, an optical firm.

Neurone Ventures and STI Ventures also put up money.

The Lod-based company will use the new funds to finance expansion.

GalayOr was founded in August last year by Noel Elman, Uri Geiger and Dan Haronian.

Nexus invests in Xchangepoint

Nexus Investments, a subsidiary of GMT Communications Partners, has invested £5.6m in Xchangepoint.

Xchangepoint is an ISP that aims to help big corporates exchange heavy internet traffic.

GE Equity takes a stake in Blaxxun

GE Equity, Kling Jelko, Konsortium and Venture Select have invested $5m in Blaxxun, a software company.

Blaxxun said the money would be reserved for growth.

Blaxxun was founded in 1995 and is based in Munich.

Big deal for HighDeal

HighDeal said has received an extra $3.6m to close its Newbury Ventures-led second round at $17.9m.

In January the e-commerce firm made a first closing of the round of $14.3m.

In addition to Newbury Ventures, previous investors Innovacom and CDC Innovation Partners and new investor 3i contributed capital.

The company said the financing would be used to continue its US expansion.

As part of the round, Charles-Antoine Morand of 3i joins HighDeal's board.

HighDeal has raised $22.4m over the two funding rounds and expects to reach profitability in the middle of 2002.

Siemens invests “several million Euros” in

Siemens Venture Capital and Invision have led a round worth “several million Euros” in, an internet filtering company.

New investor TecVenture Partners invested E1m.

Paderborn-based previously raised $1.8m from Siemens and Invision.

The company will use the funds for product development.